Belstar Microfinance Indore Salaries by 20+ Employees (Updated 2025)

Salaries by designations

Based on 27 salaries · Updated: 23 Jun 2025

Designation	Avg Annual Salary	Open Jobs
Branch Accountant 0 - 2 years exp. · Indore (5 salaries)	₹1.4 L/yr - ₹3.5 L/yr
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Assistant General Manager Finance & Accounts 7 - 8 years exp. · Indore (AmbitionBox Estimate)	₹11.9 L/yr - ₹15.2 L/yr
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State Head 15 - 16 years exp. · Indore (AmbitionBox Estimate)	₹14.3 L/yr - ₹17 L/yr

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Application Support Engineer 1 year exp. · Indore (AmbitionBox Estimate)	₹2.8 L/yr - ₹3.6 L/yr
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Audit Manager 7 - 8 years exp. · Indore (AmbitionBox Estimate)	₹5.1 L/yr - ₹6.6 L/yr
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Assistant Strategic Initiatives Manager 8 - 9 years exp. · Indore (AmbitionBox Estimate)	₹5.2 L/yr - ₹6.7 L/yr
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Zonal Risk Manager 8 - 10 years exp. · Indore (AmbitionBox Estimate)	₹12.6 L/yr - ₹16.1 L/yr
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Application Support Executive Fresher · Indore (AmbitionBox Estimate)	₹3.8 L/yr - ₹4.8 L/yr
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Manager Internal Audit 8 years exp. · Indore (AmbitionBox Estimate)	₹4.6 L/yr - ₹5.8 L/yr
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Human Resources Business Partner Fresher · Indore (AmbitionBox Estimate)	₹3.2 L/yr - ₹4 L/yr
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IT Executive 7 years exp. · Indore (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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Area Collection Manager 12 years exp. · Indore (AmbitionBox Estimate)	₹4.5 L/yr - ₹5.8 L/yr
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Assistant Credit Manager 9 years exp. · Indore (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.2 L/yr
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Regional Training Manager 10 years exp. · Indore (AmbitionBox Estimate)	₹3.9 L/yr - ₹5 L/yr
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HR BP 12 years exp. · Indore (AmbitionBox Estimate)	₹6.4 L/yr - ₹8.2 L/yr

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Regional Information Technology Executive 6 years exp. · Indore (AmbitionBox Estimate)	₹3.2 L/yr - ₹4.1 L/yr
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Senior Audit Officer 5 years exp. · Indore (AmbitionBox Estimate)	₹3.3 L/yr - ₹4.3 L/yr
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Latest salaries by Belstar Microfinance employees

2d ago

Branch Manager

8 years exp.

₹3.1 Lakhs

2d ago

Chief Technology Officer

29 years exp.

₹90 Lakhs

3d ago

Regional Head

14 years exp.

₹8.5 Lakhs

4d ago

Credit Manager

5 years exp.

₹3.2 Lakhs

4d ago

Branch Accountant

2 years exp.

₹2 Lakhs

5d ago

Regional Manager

12 years exp.

5d ago

CRM

7 years exp.

5d ago

Sales Officer

1 year exp.

6d ago

Microfinance

6 years exp.

6d ago

HR Operation Manager

13 years exp.

View all latest salaries

Top trending discussions

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Salary Discussions, Hike & Promotions

a software engineer

Why's salary still treated like a taboo?

We work 50+ hrs a week for money, yet the one thing we don’t talk about openly is… salary. Someone once told me, “If you talk about pay, HR will think you're difficult.” But shouldn't knowing your worth be basic, not rebellious? It’s weird, companies want transparency from candidates, but won’t return the favour. Ask a simple “What’s the budget for this role?” and suddenly everyone’s “still finalising”. Bhai, finalise toh tabhi karo jab we’ve finalised expectations too?

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Salary related reviews for Belstar Microfinance

3.4

Rated by 10 employees for salary & benefits

Branch Accountant in Indore

Full Time

BFSI, Investments & Trading Department

3.0

• updated on 25 Jun 2023

2.0

for Salary and Benefits

Likes

It's very good company but lower salary packages with low level staff's

Skill development - Good

Dislikes

Timeing issues no work load, but every Sunday company working. In mp at Indore And rm,cm,bm, Sh they don't know how to tolk with staff.

Salary - Poor

+3 more

Senior Regional Collection Manager in Coimbatore

Full Time

Sales & Business Development Department

5.0

• updated on 12 Jun 2025

4.0

for Salary and Benefits

Likes

Mission-driven impact Growth opportunities Challenging environment Collaborative culture

Salary - Good

+4 more

Dislikes

Low or inconsistent salary, especially for junior roles—many report stipends rather than market‑rate pay Overtime without proper compensation is a frequent gripe

Branch Manager in Pune

BFSI, Investments & Trading Department

5.0

• updated on 20 May 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Dislikes

No founded dislike

Branch Manager in Chennai

Madhuranthagam Department

5.0

• updated on 08 May 2021

5.0

for Salary and Benefits

Likes

...ronment and culture. Teammates are supportive and the management is transparent. Company policies are good, appraisals are fair and they give salary hike and bonus every year. One of the most successful company.

Salary - Excellent

+6 more

Dislikes

There is a lot of politics and the management doesn't address our issues. Salary is decent but career growth is slow.

Branch Accountant in Nagpur

Full Time

Other Department

3.0

• updated on 06 Jun 2025

2.0

for Salary and Benefits

Likes

Nothing

Dislikes

Work profile is changed anytime, field work is given from the back office, designation is changed anytime and employee is asked to work in another profile without his consent or else he has to resign on the same day.

Salary - Poor

+5 more

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Know more about Belstar Microfinance Indore

Belstar Microfinance Salary FAQs

How much does Belstar Microfinance pay to its employees?

The average annual salary at Belstar Microfinance varies depending on the role, experience, and location. The salary ranges for some popular designations at Belstar Microfinance , are as follows:

Branch Accountant	₹1.4 Lakhs to ₹3.5 Lakhs per year
Assistant General Manager Finance & Accounts	₹11.9 Lakhs to ₹15.2 Lakhs per year
State Head	₹14.3 Lakhs to ₹17 Lakhs per year
Application Support Engineer	₹2.8 Lakhs to ₹3.6 Lakhs per year

The highest-paying role, Zonal Head, earns between ₹13 Lakhs to ₹24 Lakhs per year. The top 10% of employees earn more than ₹8.5 Lakhs per year, and the top 1% earn over ₹35 Lakhs per year. Salaries at Belstar Microfinance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These salary estimates are based on data from 27 salaries submitted by Belstar Microfinance employees. Belstar Microfinance is rated 3.4 out of 5 stars by its employees on the salary and benefits parameter.

What is the salary of a fresher at Belstar Microfinance in Indore?

The salary of a fresher at Belstar Microfinance in Indore typically ranges from ₹1.2 Lakh to ₹3 Lakhs per year.This can vary depending on the role, location, and any additional perks or bonuses offered. For example:

Fresher as a Branch Accountant Salary	₹1.5 Lakhs to ₹3 Lakhs per year
Fresher as a Sales Officer Salary	₹1.2 Lakhs to ₹2.4 Lakhs per year
Fresher as a Accountant Salary	₹1.5 Lakhs to ₹2.4 Lakhs per year
Fresher as a HR Executive Recruiter Salary	₹2.4 Lakhs to ₹2.5 Lakhs per year

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Average annual salary in Belstar Microfinance , Indore is INR . Salary estimates are based on 20+ Belstar Microfinance latest salaries received from various employees of Belstar Microfinance .